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Daily Archives: January 17, 2020

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Card Transactions to be mandatorily disabled for online transactions if not used before

Ancillary ServicesBy Surendra NaikJanuary 17, 2020

The Reserve Bank of India on Thursday (January 16, 2020) has introduced new rules to enhance the security of card transactions.  As per RBI notification, while issuing and reissuing the debit and credit cards, banks must ensure that all the debit cards and credit cards are enabled only for domestic transactions at ATMs and point…

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